Damus
Jake Woodhouse · 2w
Observation: for about 3 weeks I’ve been like a rabbit in headlights, frozen almost, fearful, as the Bitcoin price plummeted. Only now am I managing to wrestle back control of myself, and start to...
shortwavesurfer2009 profile picture
This is exactly why when I have to convert my Monero stack into fiat terms, I use the one-year simple moving average instead of the current market price. Sure, it can absolutely go below that point, but it doesn't stay there very long. As time goes on, I fully intend to use longer and longer moving averages with the goal of eventually getting to where I use the four-year simple moving average instead of the one year.
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nostrich · 2w
This is what all users of money intuitively do.
Jake Woodhouse · 2w
So when you calc your net assets you don’t use the spot price, but the 1 yr moving average? Nice. So a technical point that has historically very rarely broken. That, now I see it, would be a very prudent move